Core Points - Savaria Corporation, a global leader in the accessibility industry, held its Annual General Meeting of Shareholders where all nominated directors were elected [1][2] - The voting results showed high approval rates for the nominees, with Pernilla Lindén receiving 99.81% in favor, while Alain Tremblay had the lowest approval at 81.24% [2] Group 1: Election of Directors - All nominees listed in the Management Proxy Circular were elected as directors by a majority resolution [2] - Caroline Bérubé received 95.18% in favor, while Jean-Marie Bourassa received 95.48% [2] - The lowest approval was for Alain Tremblay at 81.24%, with 41,500,260 votes in favor [2] Group 2: Company Overview - Savaria Corporation provides accessibility solutions for the physically challenged, enhancing comfort, mobility, and independence [3] - The company offers a comprehensive product line including stairlifts, wheelchair lifts, elevators, and medical equipment [3] - Savaria operates a global sales network with approximately 2,500 employees and manufacturing plants in multiple countries including Canada, the US, Mexico, Europe, and China [3]

Core Insights - Savaria Corporation has announced the acquisition of Western Elevator Ltd., enhancing its presence in the accessibility industry [1][5] - Western generated approximately $7.5 million in revenue in 2024 and has been a long-time dealer for Savaria [2] - The Vancouver area is a key market for luxury residential elevators, and Western has established strong relationships with local builders and architects [3] Company Overview - Savaria Corporation is a global leader in the accessibility industry, providing solutions for the physically challenged to enhance comfort, mobility, and independence [6] - The company offers a comprehensive product line, including stairlifts, wheelchair lifts, and elevators for both residential and commercial use [6] - Savaria operates a global sales network and employs approximately 2,500 people, with manufacturing plants located in multiple countries [6]

Core Insights - Savaria Corporation reported strong financial results for Q1 2025, with revenue reaching $220.2 million, a 5.2% increase compared to Q1 2024, driven by foreign exchange impacts and organic growth [3][7][9] - The company achieved its highest-ever first-quarter adjusted EBITDA of $40.6 million, reflecting a 17.2% improvement year-over-year [6][11] - The Accessibility segment, which constitutes 77% of total revenue, grew by 6.1%, while the Patient Care segment saw a 2.1% increase [17][18] Financial Performance - Revenue for Q1 2025 was $220.2 million, up $10.8 million from $209.4 million in Q1 2024, with a positive foreign exchange impact of 3.3% and organic growth of 0.8% [3][7][9] - Gross profit increased to $83.3 million, representing 37.8% of revenue, an increase of 180 basis points from 36.0% in Q1 2024 [3][7] - Operating income rose to $21.2 million, a 19.8% increase, with an operating margin of 9.6% compared to 8.5% in the previous year [10] Adjusted Metrics - Adjusted net earnings for Q1 2025 were $16.5 million, up 15.2% from $14.3 million in Q1 2024, with adjusted net earnings per share increasing to $0.23 from $0.20 [3][30] - Adjusted EBITDA was $40.6 million, a 17.2% increase from $34.7 million in Q1 2024, with an adjusted EBITDA margin of 18.5%, up 190 basis points [11][12] - The Accessibility segment's adjusted EBITDA margin reached 20.1%, while the Patient Care segment's adjusted EBITDA margin stood at 18.8% [18] Liquidity and Capital Resources - As of March 31, 2025, Savaria had available funds of $254.7 million to support working capital and growth opportunities [7][12] - The net debt position was $249.5 million, with a ratio of net debt to adjusted EBITDA of 1.49, improved from 1.63 as of December 31, 2024 [12] Outlook - For fiscal 2025, Savaria projects revenue of approximately $925 million, with an adjusted EBITDA margin between 17% and 20%, anticipating growth driven by volume, price increases, and new product launches [13][14] - The company is focused on optimizing its North American manufacturing footprint to maintain competitiveness and service its dealer partners effectively [15]

Core Viewpoint - Savaria Corporation, a leader in the accessibility industry, will release its financial results for Q1 2025 on May 7, 2025, followed by an investor conference call on May 8, 2025 [1]. Company Overview - Savaria Corporation is a global leader in providing accessibility solutions for the physically challenged, enhancing comfort, mobility, and independence [2]. - The company offers a comprehensive product line, including stairlifts, wheelchair lifts, elevators, pressure management products, medical beds, and equipment for safe patient handling [2]. - Savaria operates a worldwide sales network with direct sales offices in North America, Europe, Australia, and China, employing approximately 2,500 people globally [2].